Let’s say, you are a developer who has just completed a client’s website. You think that it is one of your greatest works and the client is truly impressed. This will be a great time for you to offer them a website maintenance service from a third-party. You partner with this company through their recurring affiliate program. As long as your happy client stays with them, you get a steady stream of passive income.
I support Sam on this topic. Yes you CAN at any age. I did. $100K fresh out of college and 4 years later I make more than double that in Finance. I didn’t go to a top school. I did get a high GPA, but not in a major that anyone cares about (English). I’m not particularly brilliant or talented. I had no connections. I did not do any networking. I don’t work at a BB either. But I am extremely focused, driven, I learn quickly, I don’t repeat mistakes, I am able to work intensely for long hours, and I produce real results.
I believe for many people including myself, the elusive passion that yields happiness and fulfillment is still unknown even well into adulthood. Personally, if money wasn’t a factor I’m not sure what I would be doing…and that’s what I’d like to figure out. In the meanwhile though, building financial independence can provide options down the road and keep you flexible.
Hey, Sam! Great article/read. Also, i’m not sure if you’re the right guy to ask (bother? lol) but I just turned 20 and I basically got really mediocre grades at my mediocre community college and i’ll be getting my diploma next year. Not that getting into policing will be too much difficulty, but being a high ranking officer, such as a chief, that pays very well might be a bit of a stretch later down the line. I could go back and EASLY get A’s but the idea of going back to school and doing the same thing… ehhh…. I might consider doing it later, perhaps when i’m 30ish and gotten some experience as being an officer. What would you recommend? I’m open to anything. Thanks mate.
In contemporary America it is a combination of all these factors, with scarcity remaining by far the most prominent one, which determine a person's economic compensation. Due to higher status professions requiring advanced and thus less commonly found skill sets (including the ability to supervise and work with a considerable autonomy), these professions are better compensated through the means of income, making high status individuals affluent, depending on reference group.
I love following your story and I appreciate how you are trying to teach your peers about money and maternity leaves, etc… You are an inspiration for your generation. You love your job and you are a role model but you also believe that we should all strive to be who we want to be and get paid for it. Keep swinging, Penny! You’re hitting home runs already!
Of course you want affiliates with high commissions, but they should also have a solid reputation with high conversions and low reversal rates (you get $0 if people cancel after signing up). If they’re part of an affiliate marketplace like ShareASale or ClickBank you can see some numbers there. Companies likes Amazon/SiteGround are safe bets, otherwise do your research (or track your affiliate links so you can monitor their performance). Avoid affiliates offering huge commissions since this probably means they’re struggling to acquire/retain customers naturally. This will hurt your numbers (specifically your conversions/reversal rates).
I went from making $20k in 2016 to $100k in 2017 by dropping my web design/SEO clients and doing affiliate marketing/blogging full-time. 90% of my (passive) affiliate income comes from SiteGround, a hosting company who awarded me affiliate of the month in July, 2017 when I made $9k in 1 month. Since then I’ve continued to hit numbers like this – the screenshot below is from March, 2018 when I made $14.5k in 1 month (just with SiteGround).
An aspect I enjoy from the job is when the team you’re working on all comes together to present a final story. Each person (geologists, other engineers, economics) has their part and supports each other. Being a global industry, I’ve also enjoyed meeting people from all parts of the world. I’ve been able to travel about 8 times internationally..another perk (depending on the person) I did not really touch on.
Affiliate marketing is an effective money-making strategy for countless online entities – however, as straightforward as it is in theory, success is rarely as easy as it looks. The best way to build a dedicated audience for any blog is to carefully and clearly define its target audience right from the start, and then create content that caters to that audience. It is also considered as important strategy for creating and publishing a successful blog is to develop content that isn’t readily available elsewhere in the blogosphere or on the web. Eventually, thanks for sharing your experience with us.
Please note that Millennial Boss has financial relationships with certain merchants mentioned. Affiliate links may be used and commission earned in this post. While all attempts are made to present correct information, it may not be appropriate for your specific circumstances and information may become outdated. Copyright © 2017. All Rights Reserved.
This is probably going to be controversial but a few months ago I remember someone saying that Google is now putting more weight on blogs and websites that have a unique approach. This makes sense. They don’t want all the results on the homepage to be review sites! Since hearing about this and implementing it on a few of my blogs I’ve noticed quite nice results. If you can go one step further and create a unique tool or app to add to the page you’re laughing.
The very first affiliate program I reviewed, paid an average of ten percent commissions on each product sale my site generated. The products (mostly books) averaged around $15 so my share would be about a buck and a half per sale. I figured if I could get one sale out of every 35 visitors I sent to the site, that would be a decent conversion rate (better than average, actually). After doing a little math, I concluded that I would earn about $45 for every 1000 visitors I sent to the site.
Summary: 7 Figure Franchise is basically just a resell right, with some decent training on traffic generation, for you to leverage Michael Cheney's sales funnel and promote his products. Yes, it's possible for you to make money but you're not building a business for yourself. It's more about helping Michael to build his business which can be taken away from you anytime. (Remember, it's just a franchise!)